Multiple Jobs: Be Prepared for Tax Surprises

Working more than one job can help maximize income, but also potentially create a tax surprise. Here are several be aware of: Social Security Surprise: As a full-time employee, the most you’ll have to pay in Social Security taxes in 2023 is $9,932. The problem is each employer you work for will withhold Social Security taxes…

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Tips to Protect Your Social Security Number

Very few things in life can create a higher degree of stress than having your Social Security number (SSN) stolen. This is because, unlike other forms of identification, your SSN is virtually permanent. Here are some things that you can do to minimize the risk of having your number fall into the hands of the…

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Payroll Responsibilities Go Beyond Writing Paychecks

payroll-responsibilites-go-beyond-writing-paychecks

As an employee, you may not have thought much about the procedures behind the issuance of your paycheck. But as a new business owner, you’ll need to understand how federal employment taxes work because you’ll have to withhold these payroll taxes from your employees’ paychecks. Here’s an overview of four types of payroll tax. Social…

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Plan for Social Security Retirement Benefits

If you’re approaching retirement age and will qualify for social security, you’ll need to decide when to start collecting. You can begin as early as age 62 or as late as age 70. Within that window, your monthly receipts will increase for each month you delay taking benefits. Here are three items to consider when…

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